Admiral Group (ADM) PT Raised to GBX 1,980 at Deutsche Bank
Admiral Group (LON:ADM) had its price objective lifted by equities researchers at Deutsche Bank from GBX 1,880 ($25.14) to GBX 1,980 ($26.47) in a research report issued to clients and investors on Thursday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 2.75% from the company’s previous close.
A number of other analysts have also recently weighed in on ADM. Peel Hunt upgraded shares of Admiral Group to an “add” rating and boosted their price objective for the stock from GBX 1,751 ($23.41) to GBX 2,078 ($27.78) in a research note on Tuesday, November 7th. Goldman Sachs Group cut their target price on shares of Admiral Group from GBX 2,075 ($27.74) to GBX 1,965 ($26.27) and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Barclays cut their target price on shares of Admiral Group from GBX 1,845 ($24.67) to GBX 1,801 ($24.08) and set an “underweight” rating for the company in a research note on Monday, December 11th. HSBC cut their target price on shares of Admiral Group from GBX 2,100 ($28.08) to GBX 2,045 ($27.34) and set a “hold” rating for the company in a research note on Thursday, November 23rd. Finally, Credit Suisse Group reiterated an “underperform” rating on shares of Admiral Group in a research note on Friday, September 8th. Six analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,895.18 ($25.34).
Admiral Group (LON:ADM) opened at GBX 1,928 ($25.78) on Thursday. The company has a market capitalization of $5,530.00 and a P/E ratio of 2,410.00. Admiral Group has a one year low of GBX 1,680 ($22.46) and a one year high of GBX 2,184 ($29.20).
Admiral Group plc is a United Kingdom-based company engaged in the provision of car insurance. The Company has four segments: UK Car Insurance, International Car Insurance, Price Comparison and Other. The UK Car Insurance segment consists of the underwriting of car insurance and other products that supplement the car insurance policy within the United Kingdom.
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